April 24, 2019 – Samsung Electronics has today announced that it will invest KRW 133 trillion by 2030 to strengthen its competitiveness in System LSI and Foundry businesses, which are both part of the company’s overarching ‘Device Solutions’ business division, which manufactures and sells DRAM, NAND flash, mobile SoCs (System-on-Chips), and other components for use in IT and mobile devices.
The investment plan is expected to help the company to reach its goal of becoming a world leader in memory semiconductors and logic chips by 2030. The company also plans to create 15,000 jobs in R&D and production.
The investments through 2030 will be composed of KRW 73 trillion for domestic R&D and KRW 60 trillion for production infrastructure. Per this plan, investments in R&D and facilities for logic semiconductors are expected to amount to an average KRW 11 trillion per year until 2030.
Image credit: Samsung